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Bitcoin (BTC) analysis thread
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Robert647373

Member Since Feb 25, 2020  4 posts Robert647373 Feb 25 at 12:27
I expect a leap of time


momo3HC

Member Since Oct 20, 2018  131 posts momo3HC Feb 29 at 22:11
Robert647373 posted:
I expect a leap of time


Leap of time?

momchil_slavov@
AniLorak

Member Since Apr 18, 2017  864 posts AniLorak Mar 02 at 10:39
Robert647373 posted:
I expect a leap of time



Are you expecting bullish moves as like 2017? Or anything else? By the way, I am very much positive on BTC!

PeteLanceley

Member Since Nov 06, 2018  30 posts PeteLanceley Mar 06 at 12:23
I wonder when this will actually happen? Bitcoin has been staling for a while now, maybe they are waiting for halving to come into action before flying it up?

momo3HC

Member Since Oct 20, 2018  131 posts momo3HC Mar 08 at 18:23
PeteLanceley posted:
I wonder when this will actually happen? Bitcoin has been staling for a while now, maybe they are waiting for halving to come into action before flying it up?


May be. I also think that the halvening is already cashed.

momchil_slavov@
TheGreatRecycler

Member Since Sep 25, 2019  10 posts TheGreatRecycler Mar 09 at 12:33
Do you think the halving is already priced in than?

momo3HC

Member Since Oct 20, 2018  131 posts momo3HC Mar 15 at 21:42
TheGreatRecycler posted:
Do you think the halving is already priced in than?

Like i said in the above post - yes.

momchil_slavov@
Nil2589

Member Since Mar 16, 2020  8 posts Nil2589 Mar 16 at 15:28
How do you think when the price will be higher?

Nicolya7565

Member Since Mar 09, 2020  2 posts Nicolya7565 Mar 17 at 09:18
Nil2589 posted:
How do you think when the price will be higher?

I think that the price has already broken its bottom, according to my forecasts for 1-2 months bitcoin will rise to 8000 $

momo3HC

Member Since Oct 20, 2018  131 posts momo3HC Mar 20 at 17:15


Hi all. Let me present you my latest Bitcoin (BTC) analysis.
First of all let`s check what caused this huge dump.
The main reason must be the COVID19 world threat and yes if you think the same you`re definitely right. But… and this is quite big “BUT”, there`s also some other rumors at which I want to drew attention too.
The first one is Whales. Yes they`re greed. Yes they`re powerful. And yes, they have all the resources to manipulate the market for the simple target… to accumulate more coins at the lowest price possible. In evidence of this (or kind of evidence) I can point the number of BTC whales during this dump – more than 1940.
The second rumor which i`ve heard lately and it`s VERY interesting is that this dump was caused by the miners, big miners and they`ve used COVID19 as a look-alike trigger. In front of the halvening, big miners wanted to destruct small ones with sell off and that must be started from 15th of February. As you must know after the halving this May:
1. The production and the profitability of/from BTC will be cut in half.
2. The expenses to mine will stay the same or even bigger if there`s inflation.
3. The miners will be the same number as now.
And from 1,2 and 3 is popping a problem – competition.
How the big miners can destruct the competition of small ones and get them out of business before the halvening? Easy. With big sell offs, pushing the price down and down till the small ones become unprofitable and capitulate.
Like I said this is just a rumor but it`s very interesting one and may be the latest hashrate is kind of evidence for this theory (about 30% decrease from the latest ATH).
Now let`s get to the technicals.
1. Pivot point for this week is $5794.92 Weekly candle close above it – GOOD. Weekly candle close below it – bad.
2. 200 Weekly SMA – price is back above it – GOOD.
3. Resistances:
1st $6400 (by previous PA)
2nd $7300 (by 61.8 fibo level and previous PA)
3rd $7800 (by previous PA)
4th $8500 (by 50% fibo level and previous PA)
4. Supports:
1st $5300 (by 78.6 fibo level and previous PA)
2nd $4100 (by previous PA)
5. And last but not least check the purple marks. In short, every time when we see such high volume and such highs or lows in price, the trend reversed afterwards.
P.S. Last thing which i`ve checked is Crypto Fear & Greed Index. It shows extreme fear and I have a moto: “Buy the fear and sell the greed.”
 That is my vision for the latest circumstances and the future possibilities about Bitcoin.
Attachments:

momchil_slavov@
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